HPE stock sinks 9% on revenue miss and weak server numbers

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Hewlett Packard Enterprise

shares fell 5% Friday after the company reported fourth-quarter revenue that missed analyst expectations.

The company reported earnings after the bell on Thursday, posting revenue of $9.68 billion, which was up 14% over the year prior but fell short of the $9.94 billion in revenue expected by analysts polled by LSEG.

Revenue for HPE’s server segment came in at $4.46 billion, down 5% from the $4.68 billion a year ago. The fourth-quarter number missed StreetAccount analyst expectations of $4.58 billion.

HPE stock sinks 9% on revenue miss and weak server numbers

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